Just made another £304 on oil futures.

[Money Money Money]

Yep. Made a bit of a goof up and am looking at a £300 loss at the moment.

Waiting for the turn up.

Oh...

Whats that saying? Everything that goes down, must come up.......

[HairyArsedBloke]

Yep. Made a bit of a goof up and am looking at a £300 loss at the moment.

Waiting for the turn up.

- I'm not laughing at you having a loss, but your trade management and expectations.

[DimPrawn]

- I'm not laughing at you having a loss, but your trade management and expectations.

I was stupidly trying to think about the trade and watch it and do 100 other things at the same time. I was £100 up and ready to close but had a series of phone calls, missed the profit point and then watched my position turn to crap.

Oh well, I'll wait for rebound and close out, hopefully not at a loss.

[Money Money Money]

Oh well, I'll wait for rebound

Oh great Jinx it why don't you!

I've bought one at 75.85 just incase its the bottom, although it has been down to 73 back on the 27th.

[Jog On]

anyone do forex?

[DimPrawn]

Oh great Jinx it why don't you!

I've bought one at 75.85 just incase its the bottom, although it has been down to 73 back on the 27th.

Oi! I invented this free money machine, stop complaining.

[ASB]

anyone do forex?

How to end with a small fortune from forex?

Simple, start with a big one.

[Money Money Money]

Oi! I invented this free money machine, stop complaining.

Quick question....

Crude Oil Jan.... Its says it expires on 15th December... So what does that actually mean? Your trades are automatically closed at that point?

Cheers

[DimPrawn]

Quick question....

Crude Oil Jan.... Its says it expires on 15th December... So what does that actually mean? Your trades are automatically closed at that point?

Cheers

I reckon so. There's a Feb Oil Future and that expires middle of Jan.

So yes, it will close at that point and if you haven't closed your position before hand you will make that profit or loss at that point in time.

[HairyArsedBloke]

Quick question....

Crude Oil Jan.... Its says it expires on 15th December... So what does that actually mean? Your trades are automatically closed at that point?

Cheers

Didn't you know - it's physical delivery. If you're long, you'll have a tanker turn-up at your house and asking you for the full vaule of the contracts you own and where do you want the oil? If you're short, they'll turn up with loads of dosh, but you'd better have the crude to give 'em.